Construction materials ‘not nearly as volatile’
BUILDING materials suppliers yesterday confirmed that prices have “stabilised” significantly over the past several weeks but are far from returning to pre-COVID levels.
Sir Franklyn ‘more confident’ than ever gas woes solved
FOCOL’s chairman yesterday said he is “more confident” than ever before that the push by Bahamian petroleum retailers for increased margins can be resolved “without adversely impacting the motoring public”.
Bahamas First sees 10% motor vehicle claims rise
Bahamas First’s top executive yesterday that motor vehicle claims increased “by at least 10 percent” in 2022 due to a return to pre-COVID traffic volumes combined with increased vehicle repair costs.
Receivables fear if VAT health claims change
A prominent doctor has voiced fears that medical practitioners will have to pay VAT if their patients cannot afford to do so should the Government persists with the changed tax treatment of health insurance claims payouts.
New Bay Street attraction targets 75 hires this week
A new Bay Street tourist attraction is aiming to hire up to 75 persons by the end of this week following its Saturday recruitment drive, the Government’s top labour official said yesterday.
Gas stations seek ‘pennies on gallon for liveable wage’
Bahamian petroleum retailers yesterday revealed they are seeking a “pennies on the gallon” margin increase equal to 7 percent of the landed cost of fuel to achieve their version of a “ liveable wage”.
Businessman loses $22m RBC lawsuit
A Bahamian businessman has lost his breach of contract claim against Royal Bank of Canada (RBC) after it refused to clear a $22.11m investment in his aragonite export venture by a Slovakian citizen he had never met.
Gov’t ‘not just dictating’ over work permit policy
The Chamber of Commerce’s labour division chair has hailed that the Government is “not just dictating” over plans to develop a national policy to govern the issuance of work permits in The Bahamas.
Rejected Ginn buyer settles COVID fraud
The Government has rejected a US hotel group, which last week agreed to pay $325,000 in sanctions to settle COVID fraud allegations, as a buyer of the 2,012 acre former Ginn development in Grand Bahama’s West End.
FNM chair: VAT health claims change ‘insane’
The FNM’s chairman yesterday branded the proposal to change the VAT treatment of health insurance claims as “absurd, insane and inane”, warning that it will “destroy” the medical sector if implemented as originally planned.
Super Value saves $400k through warehouse solar
SUPER Value’s president says it has slashed its annual energy bill by $400,000 through installing solar panels on its warehouse and is now seeking to roll-out renewable energy at all its 13 stores.
Businesses seek $8.1m in renewables financing
BAHAMIAN businesses have requested a collective $8.1m in financial assistance to help them acquire renewable technologies and energy efficient equipment, it has been revealed.
Crypto revival
ActivTrades
The current plight of the banks brings back memories of the 2008 financial crisis. Calls for alternatives are getting louder. Bitcoin supporters are feeling encouraged.
Beware cutting-off ‘rocking and rolling’ private aviation
A Bahamas Flying Ambassador yesterday warned this nation not to follow Mexico and Costa Rica by “killing the goose that lays the golden eggs” when outsourcing management of multiple airports to private operators.
Wynn: 12-storey project will be ‘elegant addition’
A Goodman’s Bay developer yesterday pledged that its second phase 12-storey penthouse complex will be an “elegant addition” to the West Bay Street skyline.
